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Some of the prominent business participants operating in the artificial organs market include
These leaders are adopting various inorganic growth strategies to gain market share and sustainable competitive advantage.
Plastic segment held 22% market share and will depict appreciable growth as the material has several advantages such as cost-effectivity in manufacturing and biocompatibility.
Artificial heart segment will witness 9.7% CAGR through 2026, propelled by massive increase in the number of artificial heart implantations.
Europe accounted for 25% of the artificial organs industry share and will depict massive growth driven by rising burden of heart disease and lung disorders.
Global artificial organs market size is likely to grow at 8.9% CAGR through 2026, having recorded USD 18 billion in 2019, driven by efforts by researchers on innovative development of artificial organs to enhance their acceptance chances.